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Auto production slumps amid May sales drop in U.S.
Detroit AP reports early May auto output fell to the year’s low, with 188,732 cars produced, down 6,000 from last week and 17,000 below the same week last year. Ford’s Henry Ford II warns 1966 production may miss 1965 totals, blaming auto safety issues. Romney notes revenue implications as May 1-10 sales run 15 percent under year-ago levels.
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